Marika Tolz: What To Look For In A Commercial Real Estate Investment

Investing in real estate is something to consider by anyone who is financially capable. Marika Tolz may say the same thing as she worked in this industry for over a decade. Some may not be as interested about investing in commercial real estate, especially that they know that this investment is very expensive.

There are many ways you can acquire a commercial real estate without paying the full amount the real estate owner asks, getting a loan, or putting it on a mortgage are a few ways to consider.

Needless to say, if finally you are convinced about getting a commercial real estate investment, the next thing to think about is which among the many commercial properties would you consider investing.

To help you get started, here are a few important factors to consider when buying a commercial real estate:

Good location

Location is very important for any business or even when you are planning to have the property rented. Make sure that the location is conducive enough and accessible not just to people with private vehicles but also for people that do not.

You have to choose a location that is appropriate to the business you are planning to put up. Like if you want to turn it to a dormitory, make sure that the property is near universities or offices.

Affordable or within your budget

There are many commercial properties for sale out there, but just so you know, you cannot afford all of them. Buying a property within your budget is a good idea if you do not want to get financial problems in the future.

Even if you are planning to acquire the property using a loan, you have to make sure that the property’s worth is not as expensive to the extent that you cannot pay your monthly premiums any more.

Do not worry as there are a lot of properties out there you can consider buying, and just so you know, not all the properties are expensive or above what you can afford.

Negotiating is a key to make sure that you can get the best price for the property.

Has clean paperwork

Before buying the property, check on the paperwork. Are all the papers of the property clean? Do not put yourself in a situation where you have to face difficult issues that are hard to resolve.

Do not skip on checking the paperwork before buying the property. Do not get deceived by the price or by the property itself, you have to be wise when choosing which property to buy.

Give yourself a peace of mind by acquiring a property that has no issues.

Less renovation required

As much as possible, get a commercial real estate that does not require a lot of renovations. You are buying the building together with the land, hence it can help if you can salvage most out of what you have paid for, minimal renovations are okay but major renovations are not.